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Quakers protest PNC mountaintop removal financing

Apr. 23, 2013 @ 02:45 PM

PITTSBURGH (AP) — A group of Quaker protesters are asking PNC Bank to stop funding projects that use mountaintop removal to produce coal.

About 25 protesters held signs and sang hymns Tuesday morning outside the annual PNC shareholder meeting in downtown Pittsburgh.

Quaker Zachary Hershman says they also have shareholders inside the meeting who will ask company executives to stop funding mountaintop removal, which many environmental groups say causes extensive damage to the environment and to mining communities.

PNC spokesman Frederick Solomon declined to comment on the protest. The Corporate Responsibility report for the Pittsburgh-based bank "acknowledges the concerns" about mountaintop removal.

Hershman says the group chose PNC because of its connection to Provident National Corporation, a bank that was founded by Quakers in the mid-1800s.

 

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